The ECFA

Abstract

The proliferation of FTAs (free trade agreements) worldwide, particularly in East Asia, jeopardizes Taiwan that has been left behind due to China’s boycott.1 Over the past decades, Taiwan has adopted an export-led strategy to foster sustainable growth. This suggests that signing regional trade agreements (RTAs)2 and/or FTAs is crucial to the economic development of Taiwan. It’s understandable that the opinion about how to break this “Chinese knot” is severely divided in Taiwan.